Renting a Place to Live/Tenants/Types of Tenancies | |||||||
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< Renting a Place to Live | Tenants
Types of Tenancies I am going to rent a house that is owned by the university. Will the Residential Tenancies Act cover this tenancy?If you have exclusive possession of the house, and it is self-contained, then the Act will apply. The Act would not apply to student residences owned by the college, school, or university where a student has a room in a larger building. I’ve recently decided to move out of my parents’ home and rent a place for myself. Some properties are being advertised as a periodic tenancy and others as a fixed term tenancy – what’s the difference?With a periodic tenancy you can terminate the tenancy at any time and move out and you can only be evicted with proper notice and/or for specific reasons as set out in the tenancy agreement. On the other hand, a fixed term tenancy has a definite length of commitment. For example, your tenancy may begin on December 31st 2010 and end on December 31st 2011. When the fixed term ends, you are assumed to have left the property without any further notice from your landlord (unless your tenancy agreement states that it becomes a periodic tenancy at the end of the fixed term). Furthermore, if either you or your landlord break the tenancy before the end of the fixed term, the person who breaks the agreement may be liable for damages due to the loss of tenancy. This means that if you end the tenancy before the end of the fixed term, you may be required to pay the remainder of the rent for as many months as were left in the agreement. In either case your landlord can raise your rent once a year by however much he or she chooses. There is no legislation in Alberta stating a minimum or maximum amount that rent can be raised. See AlsoThis page was last updated in November, 2004. Back Content last reviewed 21:17, 4 May 2010.
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These FAQs cover the law at the time these questions were prepared. Every effort has been taken to ensure the accuracy of these FAQs. However, laws change and every situation is different, so do not take action using this information without consulting a lawyer. |